MARGATE, FL--(Marketwire - August 26, 2009) - MediaNet Group Technologies, Inc. (OTCBB: MEDG), operating the largest online mall and affinity program platform
through its BSP Rewards subsidiary, today announced that it has further
expanded its footprint within the network marketing channel with the
development of a private-branded rewards mall program for myEcon, Inc.

myEcon provides a simple, powerful, cost effective solution that has helped
thousands of people increase their cash flow and assets through business
income, tax savings, debt elimination, investments and financial
strategies. myEcon is a five-year-old, debt free multimillion dollar
company based in Atlanta, GA. The company was founded by veteran
entrepreneurs with extensive backgrounds in finance and marketing. myEcon's
growth and stability in the marketplace is based on its 20,000 plus
independent associates.

Martin Berns, Chief Executive Officer of BSP Rewards, stated, "Network
Marketing has been a productive channel for BSP and we are pleased to add
myEcon to our growing list of successful network marketing clients. We are
excited about partnering with myEcon in their efforts to create a new focus
area within the network marketing business."

About MediaNet Group Technologies, Inc.:

MediaNet Group Technologies, Inc. (OTCBB: MEDG), through its BSP Rewards
division, has developed the largest online mall and affinity program
platform. BSP builds, brands, customizes proprietary loyalty/rewards/mall
programs for clients and organizations and for a value added element
layered onto debit and stored value cards. Companies and organizations
enroll their members into the program and BSP cross-markets them to its
entire database.

The Company generates product purchases from over 1,000 participating mall
merchants including the nation's largest retailers as well as gift cards
and a large discount catalog. With over 60 web malls already developed and
in use, BSP Rewards currently serves more than 750,000 registered users.
The Company offers affordable, immediate implementation, delivered as rich
turnkey enterprise solutions for corporations interested in expanding their
web presence and enhancing customer relations -- turning operational costs
into profit centers. Current mall merchants include Sears, Target, Macy's,
Home Depot, Office Depot, Bass Pro Shops, Best Buy, Budget and Chili's.

"Forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995 may be included in this news release. These
statements relate to future events or our future financial performance.
These statements are only predictions and may differ materially from actual
future results or events. MediaNet Group Technologies, Inc. disclaims any
intention or obligation to revise any forward-looking statements whether as
a result of new information, future developments or otherwise. There are
important risk factors that could cause actual results to differ from those
contained in forward-looking statements, including, but not limited to
risks associated with changes in general economic and business conditions
(including in the information technology and financial information
industry), actions of our competitors, the extent to which we are able to
develop new services and markets for our services, the time and expense
involved in such development activities, the level of demand and market
acceptance of our services, changes in our business strategies, and the
purchasing activity or lack thereof by registered web mall members. The
number of BSP web mall members is routinely revised to reflect adjustments
for inactive membership. Inactive members are defined as registered
members who have not shopped in a BSP web mall for an extended period of
time.